TD to open smaller branches with more technology as it ‘prunes’ retail footprint in U.S.

td to open smaller branches with more technology as it prunes retail footprint in u s

Sumary of TD to open smaller branches with more technology as it ‘prunes’ retail footprint in U.S.:

  • Breadcrumb Trail Links News FP Finance Banking TD closed 82 branches in the United States in February to reallocate resources to digital banking alternatives Author of the article: Stefanie Marotta TD’s footprint of 1,140 U.S. branches stretches down the country’s east coast, from Maine to Florida.
  • Photo by Ben Nelms/Bloomberg files Article content Toronto-Dominion Bank is set to continue “pruning” branches as the pandemic unwinds, while building new brick-and-mortar locations with less space but more technology.
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  • Article content More Canadians have turned to digital banking options as pandemic restrictions forced banks to temporary close branches or reduce capacity.
  • The customers who adopted online financial services tools out of necessity are likely to continue banking digitally even after pandemic restrictions are lifted, and that could usher in a new era for branch banking, according to the chief executive officer of TD’s U.S. division, Greg Braca.
  • TD closed 82 branches in the United States in February to reallocate resources to digital banking alternatives.
  • The lender’s footprint of 1,140 U.S. branches — down from more than 1,200 before the pandemic shuttered economies in March 2020 — stretches down the country’s east coast, from Maine to Florida.
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